MIT reduced its GHG emissions between FY2014 and FY2016 through several strategies, including investments in energy efficiency, use of cleaner fuels, and improvements in grid-purchased electricity. Successful energy efficiency strategies included investments in new construction and renovation, lighting, building retro- and monitoring based-commissioning, mechanical system upgrades, and utility distribution system insulation.
Investments in energy efficiency continued to have a strong impact on the reduction of emissions. In FY2016 alone, MIT invested over $3 million in energy efficiency measures through its Efficiency Forward program, achieving an estimated 7,344,500 kWh savings of electricity and 700,000 therms of heating and cooling energy, generating an anticipated annual savings of over $1.5 million.
Looking forward, MIT recognizes that investing in renewable energy by deploying additional renewable energy systems on campus and enabling off-site renewable energy production is a key component of our plan. The Institute recently formed an alliance for the development of a 60 megawatt solar photovoltaic farm in North Carolina that led to a long-term power purchase agreement. MIT will purchase solar energy equivalent to 40 percent of its current electricity use, which will neutralize emissions by 17 percent.